U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Shaw, H. Laurence
c/o Xytronyx, Inc.
Suite A
6730 Mesa Ridge Road
San Diego, CA 92121
2. Issuer Name and Ticker or Trading Symbol
Xytronyx, Inc.
XYX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
1/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and Chief Executive Officer
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option* |$1.125 |12/17|J* |V|675,000 |A |* |12/16|Common Stock|675,000| |675,000 |D | |
| |/96 | | | | | |/2006| | | | | | |
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Explanation of Responses:
*Grant to reporting person on 12/17/96 of option to purchase 675,000 shares of
common stock under the Xytronyx, Inc. Equity Incentive Plan in
transaction exempt under new Rule 16b-3. The option, in respect of 525,000
shares of common stock, shall become exercisable quarterly over a
two-year period commencing on 1/1/97, and in respect of the remaining 150,000
shares of common stock, shall become exercisable quarterly over a
two-year period commencing on
1/1/98.
SIGNATURE OF REPORTING PERSON
/s/ H. Laurence Shaw
DATE
5/12/97
